Milpitas: October 2026 Housing Market Update

Milpitas Overall Snapshot

• Active Listings (All Home Types): 102 homes
• Pending: Only 27 homes

Milpitas Single-Family Snapshot

• Active: 33 homes
• Pending: 14 homes
• Sold in September: 20 homes

Single-Family Under $1.7M (3 Bed, 2 Bath, 4,000+ Sq Ft Lot)

• Active: Only 11 homes
• Pending: 8 homes
• Sold in September: 12 homes

Not Every Part of the Market Is Slowing

At first glance, 102 active homes and only 27 pending might sound concerning. But break it down to single-family homes and the picture changes: 33 active, 14 pending, and 20 sold in September. While the overall market appears to be slowing, single-family homes are still showing healthy activity in Milpitas.

The Sweet Spot Is Still Competitive

Here's where it gets even more interesting. Narrow it down to single-family homes under $1.7 million with three bedrooms, two bathrooms, and a lot over 4,000 square feet, and there are only 11 homes on the market, 8 pending, and 12 sold in September. That's a much healthier, stronger market than the overall numbers suggest — and that's really the bigger story in Milpitas.

Milpitas continues to attract buyers because of its schools, central location, and proximity to major tech hubs. Even with higher interest rates, buyers are still willing to make a move when the right home comes on the market.

Condos, Townhomes & Higher-Priced Homes Tell a Different Story

It's a totally different picture for condos, townhomes, and higher-priced homes. Buyers have more options, they're taking their time, and they're being much more selective about price and value. What's happening in one part of the market can be completely different from another — which is why understanding your competition is so important.

What This Means for Buyers & Sellers

For Buyers

This creates opportunity, especially in segments where homes are taking longer to sell. The key is knowing where you'll face competition and where you have negotiating power. If you're shopping for a single-family home in the sweet spot, be ready to move; if you're looking at condos, townhomes, or higher-priced homes, there's more room to negotiate.

For Sellers

Know which part of the market your home is in. The right homes are still moving, but price and value are making all the difference — especially if you're competing with more listings in the condo, townhome, or higher-priced segments.

The Bottom Line

Milpitas in one line: it isn't just one market — it's several smaller markets moving at different paces. Overall there are 102 active and 27 pending, but single-family homes under $1.7 million are still competitive, with just 11 active, 8 pending, and 12 sold in September. The right homes are still moving, and price and value are making all the difference.

If you're thinking about making a move, buying or selling, it's more critical than ever to have a strategy in place — and that's where we come in. Reach out to us anytime, and we'll see you soon.

Homes for Sale in Milpitas